CME Group » Agriculture » Nonfat Dry Milk
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Nonfat Dry Milk 
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Nonfat Dry Milk futures provide a way to:

  • Engage in price discovery for Nonfat Dry Milk, a by-product derived from manufacturing butter
  • Effectively manage the price risk that merchandisers, producers, processors and others have related to the purchase or sale of Nonfat Dry Milk
  • Evaluate or reflect on both the current and future supply and demand situation for Nonfat Dry Milk and related dairy products
  • Take advantage of arbitrage and spread opportunities with other dairy products
  • Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in Nonfat Dry Milk
  • Manage price risk across a series of contracts in a single transaction using packs functionality

 

Things to Know:

  • Nonfat Dry Milk futures are a cash-settled 44,000 pound contract of Grade A and Extra Grade dry milk
  • You can view free electronic real-time price quotes on Nonfat Dry Milk futures, including:
    • Best bids and offers
    • Daily trading activity
    • Outright and spread markets
    • Top packs and bundles
  • Contracts trade virtually 24 hours a day on the CME Globex electronic platform and side-by-side on the trading floor during regular trading hours
  • Electronically traded Nonfat Dry Milk futures offer:
    • Direct participation in the trading process
    • Greater pricing efficiency
    • Millisecond response time
    • Dedicated market makers
    • Implied spread functionality
  • Sign up for free daily email commentary on CME Group Dairy markets by visiting www.dailydairyreport.com